Funding arb · Price arb / Crypto
ETHFI
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6327 | −0.0007 | get 0.0001% / 1h | 59m 19s | $435K | $246K | 50x | Long TxFlow5% off | |
| SHORT | 0.6341 | +0.0100 | get 0.0013% / 1h | 59m 19s | $9.9M | $1.1M | 5x | Short Hyperliquid4% off |
Price gap+0.226%
Funding gap+0.0107% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.059% above its 7d average: +$6 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$33+0.0107% /8h now · paid +0.331% over the last 7D
Price+$6spread +0.226% now, avg +0.167% → +0.059% if it goes back
Costs−$440.438% of $10k · taker + slippage, in and out
Result−$5−0.05%+ Points / potential airdropTxFlow: points · Hyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.226%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hETHFI on 25 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books12.8 / 11.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $2,000TxFlow 50x, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$3.21Long TxFlow: 24 payments, +$0.21; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.226% vs +0.167%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$435K vs $9.9M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow points · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legTxFlow No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0158%/8h × 21 periods+$33.08
Price spread+0.226% → +0.167% (7d avg)+$5.92
Slippage, 4 orderslive order books−$25.79
Fee TxFlow bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$4.79
Costs to cover0.438%Break-even8.0 days
Slippage: TxFlow: live order book, 57 min ago; Hyperliquid: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow0.7912.8 bp−$1326.5 bp−$265306.6 bp−$30.7Kdoesn’t fit
SELL · SHORTHyperliquid0.4711.3 bp−$1141.7 bp−$417doesn’t fitdoesn’t fit
Closing costs about the same again.
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